Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Extended+0.340%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.349%−$35 · spread now +0.340%, 7d avg +0.060%

Together, before fees−0.369%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.279% dearer against Extended than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.2791	0.0104	pay 0.0013% / 1h	50m 37s	$4.4M	$15.3M	25x
Short	Binance NEARUSDT	4.2936	0.0100	get 0.0100% / 8h	50m 37s	$253.3M	$1.07B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now +0.340%Rate

Funding earned: −$0.84
Price spread: +0.340% → +0.060%: $27.93
Slippage, 4 orders: −$11.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $0.66
Costs to cover: 0.264%
Break-even: from the start

Slippage from Extended: live order book, 3 min ago; Binance: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 3 min ago	0.58 bp	5.0 bp −$5	15.8 bp −$158	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.16 bp	6.2 bp −$6	8.7 bp −$87	25.7 bp −$2,573	95.0 bp −$47.5K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.2984	+0.453%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.3013	+0.520%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2884	+0.219%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3046	+0.597%	$392K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2982	+0.448%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.226%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3040	+0.583%	$109K	$497K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2933	+0.332%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3025	+0.548%	$3.1M	$5.5M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2935	+0.337%	$403K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDTshort	+0.0100%	8h	4.2936	+0.340%	$253.3M	$1.07B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2870	+0.186%	$220.7M	$421.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2860	+0.162%	$61.3M	$286.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2830	+0.092%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.489%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3001	+0.492%	$30.4M	$58.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2880	+0.209%	$80.4M	$139.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3030	+0.559%	$56.4M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2804	+0.031%	$71.2M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2810	+0.045%	—	$138.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3159	+0.861%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3254	+1.083%	$270K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3290	+1.167%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3350	+1.307%	$181K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3095	+0.711%	$207K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3030	+0.559%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.700%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3028	+0.555%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	+0.513%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.2791	long leg	$4.4M	$15.3M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.2993	+0.473%	$207K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.3038	+0.578%	$7.5M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2960	+0.396%	$13.0M	$30.8M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3114	+0.756%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.3077	+0.669%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0391% / S −0.0343%	1h	4.2991	+0.469%	$292K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2830	+0.092%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.3418	+1.466%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3016	+0.527%	$1.3M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0541%	1h	4.3044	+0.592%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0801%	1h	4.3036	+0.574%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0895%	8h	4.3200	+0.957%	$460K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1195%	1h	4.3137	+0.810%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1307%	1h	4.3083	+0.683%	$371.6M	$297.5M	10x	as long as short
Lighter NEAR	+0.2128%	1h	4.3014	+0.523%	$16.5M	$23.6M	15x	as long as short